Category: Uncategorized

Oil & Gas

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CRUDE_ CLM20

Weekly – retested the lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move down from the 36 short entry price. Trade pressures are down and oversold. Volumes are bearish.

Consolidating around the 25.51 downside target. The next target down is 21.85.

Need a close above 28.18 to start a new move up.

 

NAT GAS_ NGM20

Weekly – Rising in the downward sloping channel. Trade pressures are up. Volumes are bullish.

Daily – Flat. Finished a counter trend move up to the 1.99 profit target. Trade pressures are up. Volumes are bullish.

After the pullback to 1.70, a new long entry is at 1.79. The next target up is 2.06.

A close below 1.85 would signal lower.

US$$

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USD_ DXH20

Weekly – In the move up Trade pressures are up. Volumes are bearish.

Daily  – Retracing inside the move up. Trade  pressures are up but turning down. Volumes are bearish. The next target down is 98.38.  A close back above the 99.81 level would signal higher.

 

US 30YR T-Bonds_ USH20

Weekly – Making a retest of the 2019 highs. Trade pressures are up. Volumes are bullish.

Daily – In the move from the 161-06 level. Trade pressures are up. Volumes are bullish.

The next target up is 167-10.

Near the end of a move up. A close below 164-27 would signal a retracement lower.

Oil & Gas

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CRUDE_ CLH20

Weekly – In the move down but at support levels.Trade pressures are down. Volumes are bearish.

Daily – Flat. At downside target levels and testing the prior lows. trade pressures are down but showing some divergences. Volumes are bearish.

The next target down is 47.91.

A close above 54.12.

 

NAT GAS_ NGH20

Weekly – Remains in the downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Trade pressures are down. Volumes are bearish.

The next target down is 1.666.

The 180 min chart has signaled a new long. A daily close above 1.94 will signal higher.

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH20

Weekly – Has dropped out of the weekly October 2018 rising channel. Trade pressures are up. Volumes are bullish.

Daily – In the move up from the 96.45 long entry level. Trade pressures are up. Volumes are bullish.

At the 97.63 target where consolidation is expected. The next target up is the prior high of 98.

A close below 97.25 would signal lower.

 

US30YR T-BONDS_ USH20

Weekly – At the upper bound of the declining channel. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 156-16 long entry. Trade pressures are up. Volumes are bullish.

Closed above the median line. The next target up is 163-27.

The 60 min has touched the 160-13 short entry price.  A daily close below 158-22 would signal lower.

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CRUDE_ CLH20

Weekly – Three weeks down. Trade pressures are down. Volumes are bearish.

Daily – Flat. Stopped out at the 59.06 stop for a small profit. Trade pressures are down. Volumes are bearish.

The next target down is 53.51.

There are multiple targets clustered between 54.70 and 51.50 and could act as support. A close above 57.28 would signal higher.

 

NAT GAS NGH20

Weekly – In a steady decline from the spike of October ’18. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the second short entry at 2.18. Trade pressures are down but rising. Volumes are bearish.

At the 1.88 downside target. The next target down is 1.57.

A close above 1.98 would signal higher.

US$$

#usdollarfutures  #ustreasurybondfutures

Weekly – A couple of moves up to test the 97.52 upside target have stalled. Trade pressure are rising into the neutral zone. Volumes are bullish.

Daily- In the  move up from 95.89 and at the 97.05 upside target. Trade pressures are up but declining. Volumes are bullish.

The trade seems to be within the 95.00 and 97.00 and hostage to the china trade talks and the consequent effects on the global economy. And how foolish is this Brexit process? and the US political leadership?

 

US 30 YR T-BONDS_ USM19

Weekly – In the uptrend since the move up in December 2018. Trade pressures are up. Volumes are now neutral.

Daily – In a retracement short trade while still inside the longer move up. Trade pressures are down. Volumes are bearish. The next target down is 145-28, which is also a support area.

The next target up is the 150-21 recent high pivot and then the 151-12.

Any China trade talk resolution should see an outflow of us dollar futures to other regions.